|
|
|
|
|
by kawaiikouhai
888 days ago
|
|
These are very broad generalizations you're claiming with no evidence. > Most of countries are more or less on the development level that their culture and geographic location permits. So, given this assertion, no developing country should ever hope to join the ranks of a developed nation? Unless they change cultural variables or conquer new lands. Yet we see this playing out in Europe and East Asia and now Africa and India. > Taiwan will give Singapore a run on its money Singapore's GDP per capita is $70,000 while Taiwan's capital city sits at $35,000. Please cite your sources |
|
Look at Ireland's GDP per capita - it's on par with Singapore! But a lot of that is due to the tax strategies of companies like Google that park their IP in Ireland, then "sell" it to countries in Europe. That's all GDP for Ireland. But what happens to the money? It gets pumped back to the US.
It's similar with Singapore. There are huge refineries, and pharmaceutical manufacturing on the island. The country makes these product (often of high value), which contributes to the GDP. But that money exits the country (save for the workers in Singapore) back to the HQ country.
If you look at median wages in Singapore, you'll get a much better sense of the wealth. But do note that the number the Singaporean government quotes doesn't include the 40% of the population that is migrant workers - it's only Singaporean citizens and PRs. So it ignores the bottom ~40% of workers (save for the highly skill people on work passes).